Ideanomics Stock Alpha and Beta Analysis

IDEX
 Stock
  

USD 0.23  0.01  4.55%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Ideanomics. It also helps investors analyze the systematic and unsystematic risks associated with investing in Ideanomics over a specified time horizon. Remember, high Ideanomics' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please see Ideanomics Backtesting, Ideanomics Valuation, Ideanomics Correlation, Ideanomics Hype Analysis, Ideanomics Volatility, Ideanomics History and analyze Ideanomics Performance.
  
Please note that although Ideanomics alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Ideanomics did 1.46  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Ideanomics stock's relative risk over its benchmark. Ideanomics has a beta of 1.15  . Let's try to break down what Ideanomics's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ideanomics will likely underperform.
Ideanomics Price to Book Value is fairly stable at the moment as compared to the past year. Ideanomics reported Price to Book Value of 1.65 in 2021. Enterprise Value is likely to rise to about 377.1 M in 2022, whereas Book Value per Share is likely to drop 0.79 in 2022.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

377.08 Million

Ideanomics Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Ideanomics market risk premium is the additional return an investor will receive from holding Ideanomics long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ideanomics. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Ideanomics' performance over market.
α-1.46   β1.15
90 days against NYA

Ideanomics expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Ideanomics' Buy-and-hold return. Our buy-and-hold chart shows how Ideanomics performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Ideanomics Market Price Analysis

Market price analysis indicators help investors to evaluate how Ideanomics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ideanomics shares will generate the highest return on investment. By understating and applying Ideanomics stock market price indicators, traders can identify Ideanomics position entry and exit signals to maximize returns.

Ideanomics Return and Market Media

The median price of Ideanomics for the period between Fri, Sep 2, 2022 and Thu, Dec 1, 2022 is 0.28 with a coefficient of variation of 38.5. The daily time series for the period is distributed with a sample standard deviation of 0.13, arithmetic mean of 0.33, and mean deviation of 0.11. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Ideanomics down 6 percent on Q1, Q2 revenue miss - Seeking A...09/09/2022
2
Financial Statements09/13/2022
3
Financial Statements09/16/2022
4
Ideanomics adds new dealers for Solectrac e-tractors - Seeki...09/19/2022
5
EPS Estimate09/30/2022
6
Ideanomics subsidiary secures big business contracts for ele...10/06/2022
7
EPS Reported11/09/2022
8
Ideanomics Exploring Alternatives to VIA Motors Deal - Marke...11/22/2022

About Ideanomics Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Ideanomics or other stocks. Alpha measures the amount that position in Ideanomics has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2021 2022 (projected)
PPandE Turnover3.1921.7617.38
Long Term Debt to Equity0.190.220.26

Ideanomics Upcoming Company Events

As portrayed in its financial statements, the presentation of Ideanomics' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ideanomics' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Ideanomics' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Ideanomics. Please utilize our Beneish M Score to check the likelihood of Ideanomics' management manipulating its earnings.
Upcoming Quarterly Report30th of March 2022
Next Financial Report16th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End30th of March 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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Please see Ideanomics Backtesting, Ideanomics Valuation, Ideanomics Correlation, Ideanomics Hype Analysis, Ideanomics Volatility, Ideanomics History and analyze Ideanomics Performance. Note that the Ideanomics information on this page should be used as a complementary analysis to other Ideanomics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

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Ideanomics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Ideanomics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ideanomics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...